Walter Wriston Professions : Banker Born : August 3, 1919 Died : January 19, 2005 Browse All Authors Top 33 quotes by Walter Wriston The person who figures out how to harness the collective genius of his or her organization is going to blow the competition away. Walter Wriston organization business blow Human capital will go where it is wanted, and it will stay where it is well treated. It cannot be driven; it can only be attracted. Walter Wriston driven wells wanted All of life is the management of risk, not its elimination. Walter Wriston risk management life-is Information about money has become almost as important as money itself. Walter Wriston information important Capital will always go where it’s welcome and stay where it’s well treated. Walter Wriston welcome investing ideas Countries don't go out of business....The infrastructure doesn't go away, the productivity of the people doesn't go away, the natural resources don’t go away. And so their assets always exceed their liabilities, which is the technical reason for bankruptcy. And that's very different from a company. Walter Wriston going-away country people Capital goes to where it can escape taxation and be used to pay employees in sacks of rice. Walter Wriston taxation used pay Failure is not a crime. Failure to learn from failure is. Walter Wriston i-have-made-mistakes crime failure The information revolution has changed wealth. Intellectual capital is far more important than money. Walter Wriston revolution important intellectual Capital goes where it is welcome and stays where it is well treated. Walter Wriston treated welcome wells Information about money is more important than money itself. Walter Wriston information important The guy with the competitive advantage is the one with the best technology. Walter Wriston advantage technology guy Every line in the government's budget has its own constituency. Walter Wriston budgets lines government Rising prices or wages do not cause inflation; they only report it. They represent an essential form of economic speech, sincemoney isjust another form of information. Walter Wriston rising-prices wages essentials The greatest testimony to the human spirit that I'm witnessing now is the fact that people still come back to work, after all that has been done to them. They are still willing to participate for a more positive future if they would be sincerely invited. Walter Wriston done would-be people One man saying that everything is wrong can command coast-to-coast attention in living color, a power not given to an absolute monarch a century ago. Walter Wriston color attention men When you retire you go from Who's Who to Who's That? Walter Wriston retiring aging We're not in cultures which support learning; we're in cultures that give us the message consistently: "Don't mess up, don't make mistakes, don't make the boss look bad, don't give us any surprises." So we're asking for a kind of predictability, control, respect, and compliance that has nothing to do with learning. Walter Wriston support mistake giving Banking is a branch of the information business. Walter Wriston banking information branches Many organizations are now trying to walk under the banner of The Learning Organization, realizing that knowledge is our most important product ... But the only place that I've seen it is in the Army. As one colonel said, "We realized a while ago that it's better to learn than be dead." Walter Wriston army important organization Similar Authors Amadeo Giannini banker Agha Hasan Abedi banker Douglas A. Warner III banker David Rockefeller banker Christine Jennings banker Emilio Botin banker All Authors
